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GDP Growth Lower than Expected
Instead of 1.0%, the growth rate in the first quarter was only 0.9%. A plus of 4.2% year-on-year was registered.

According to calculations by the Austrian Institute of Economic Research (Wifo), the Austrian economy is growing slower than expected. Gross domestic product (GDP) increased by 4.2% year-on-year, compared to the last quarter, however, the growth rate amounted to only 0.9%. In its first forecast of mid-May Wifo still expected a rate of 1.0%.
GDP growth for the…
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